Ultra-wealthy families with $150bn net worth drive $20bn private equity buyouts, co-investing in major acquisitions with firms like KKR & Co. and Silver Lake.
Ultra-rich families worth over $150bn are driving a $20bn private equity buyout wave, co-investing in some of the year's biggest acquisitions. These wealthy clans, who've made fortunes in various industries, have become key sources of capital for investment firms like KKR & Co. and Silver Lake, assisting in acquisitions amid expensive borrowed money. Germany's Viessmann family, for example, partnered with KKR for a $3bn acquisition of renewable energy firm Encavis AG.
June 07, 2024
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